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NATIONAL BUREAU OF STATISTICS
Nigeria posted a trade surplus of N5.81 trillion in the third quarter of 2024, driven by a significant increase in export earnings.
Domestic air travel fares in Nigeria increased by 1.28% in October 2024, reaching an average fare of N126,293.05 for a single journey, up from N124,752.07 in September 2024.
Activities in Information and Communications Technology (ICT) contributed 16.35% to Nigeria’s real Gross Domestic Product (GDP) in Q3 2024, a decline from the 19.78% it added in the previous quarter.
The unemployment rate in Nigeria in the second quarter of 2024 increased slightly to 4.3%, reflecting a 0.1 percentage point rise compared to the same period last year.
Nigeria’s headline inflation rate in September 2024 rose to 32.70%, up from 32.15% in August 2024 after slowing down for two consecutive months.
A new report by the National Bureau of Statistics (NBS) reveals that 85.2% of Nigerian households still rely on the estimated billing model for electricity tariffs.
The price of Premium Motor Spirit (PMS), commonly known as petrol, has crossed the N1,000 mark for the first time, recording a 24.08% increase in September when compared to the figure in August.
Nigeria's headline inflation rate in September 2024 rose to 32.70%, up from 32.15% in August 2024, marking a 0.55% increase month-on-month.
Nigeria's Foreign Direct Investment (FDI) for the second quarter of 2024 has dropped to $29.83 million, marking the lowest level recorded based on available data up to 2013.
The National Bureau of Statistics (NBS) disclosed that 84% of Nigeria’s working-class population is self-employed in the first quarter of 2024, reflecting a decrease from the 87.3% recorded in Q3 2023.
At least 86% of 88.9 million Nigerians in the labour force have no post-secondary education in 2023.
Domestic air travel fares in Nigeria skyrocket by 25.51% in a month, hitting N123,700 in August 2024
Domestic air travel fares in Nigeria surged by 25.51%, with the average fare for a single journey on specified routes reaching N123,700.14 in August 2024.